Unsecured Car Loan
Are you looking for a car loan for a new or used vehicle? At Car-Loans.net.au, we can help you determine whether a secured or unsecured car loan is right for you, and secure the best finance deal on your new or used car loan.
Backed by industry leading loan provider, Aussie Loans, Car-Loans.net.au make borrowing quick and easy with our fast application process and unbeatable low interest rates on new and used vehicles.
Whether you are purchasing a car for personal or business purposes, the lending experts at Car-Loans.net.au will get you behind the wheel of your new car, fast, with a loan solution tailored to your needs.
What is an Unsecured Car Loan?
Unlike a secured loan, an unsecured loan is not protected by an asset, such as the new vehicle you are looking to purchase or your home.
As the lender takes more of a risk when providing an unsecured loan, the interest rates offered are usually higher than a secured loan and the lender may have additional conditions and criteria to be met.
There are advantages to an unsecured loan, for example you can purchase a car of any age and sell at any time.
Secured vs Unsecured Car Loan
Secured Car Loan
- Usually lower interest rate than unsecured loan
- The loan is secured against an asset, such as the car or your home
- The full loan amount must be used for car purchase
- You will need permission from the lender to sell the car
Unsecured Car Loan
- You can buy a car of any age, used or new
- No asset or security required for the loan
- Usually higher interest rate than secured loan
- The loan amount can be partially used for other purposes
- You can sell the car unencumbered
What are the advantages of an Unsecured Car Loan?
Unlike a secured loan, an unsecured car loan allows you to purchase a car of any age, be it 10 years or older.
You do not need to put up an asset against the loan, meaning you can sell the car unencumbered.
However, as the lender takes more of a risk when providing an unsecured loan, the interest rates offered are usually higher than a secured loan and the lender may have additional conditions and criteria to be met.
You can read more about Secured Car Loans here.
Why choose Car Loans for your Car Loan?
With links to more than 20 major Australian banks and financial products, look no further for the best finance solution for your new or used motorbike. At Car-Loans.net.au, we offer:
- Best finance deals with low interest rates
- Easy application process with minimal paperwork!
- Secured or unsecured car loans
- Fast approvals on new or used car loans
- Apply online, by phone, or in person at an office near you
Apply Online for Unsecured Car Loan
If you’re looking to purchase a new or used car, or would like advice on whether a secured or unsecured car loan is right for you, the lending experts at Car-Loans.net.au can help.
We’ll take the hassle out of buying your new or used car and secure you the best finance deal with great interest rates, fast approval, and easy repayments.
Backed by Aussie Loans, Car-Loans.net.au is one of Australia’s largest, professional and most successful finance brokers. With direct links to 20 major Australian Financial products we can tailor a loan to suit your needs. This includes personal loans; finance for cars, boats and bikes; PLUS business loans for work vehicles, lo doc loans or truck loans.
Our experienced staff are committed to providing fast friendly service, helpful advice, flexible options and great deals no matter your circumstances. Contact us today here or call us on 1300 256 267.